The temporary suspension and exemption were sought taking into account the headwinds investors have been facing during the corona-induced crisis, a top Bida official have told Dhaka Tribune. It sought provision for working capital loan for businesses from foreign lenders and waiver of all fees for investor services provided by the BIDA. The organization also requested to waive all fees for investor services provided by BIDA during the pandemic period. Established under Bangladesh Investment Development Authority (BIDA) Act 2016, the Bangladesh Investment Development Authority (BIDA) is the principal private investment promotion and facilitation agency of Bangladesh. The BIDA was formed through the merger of the Privatisation Commission and the Board of Investment on Aug 31, 2016.

Source: Dhaka Tribune May 12, 2020 14:48 UTC